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Real estate in Minneapolis’ Diamond Lake neighborhood.

Compare top Diamond Lake real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for August 2026.*


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Diamond Lake real estate Market Report.

Information and statistics on the latest trends in the Diamond Lake real estate market. *

Latest Rolling 3-Month Snapshot

May 1, 2026 - Jul 31, 2026

Median sale price
$485K
+2.1% from Q2 '26
Median list price
$485K
+1.1% from Q2 '26
Active listings
44
-2.2% from Q2 '26
Homes sold
32
+10% from Q2 '26
New pendings
34
+9.7% from Q2 '26
New listings
37
-5.1% from Q2 '26

Quarterly Pricing Trends for Diamond Lake

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Diamond Lake Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $400K Median sale price in Oct 2021 - Dec 2021: $365K Median sale price in Jan 2022 - Mar 2022: $413K Median sale price in Apr 2022 - Jun 2022: $407K Median sale price in Jul 2022 - Sep 2022: $430K Median sale price in Oct 2022 - Dec 2022: $410K Median sale price in Jan 2023 - Mar 2023: $385K Median sale price in Apr 2023 - Jun 2023: $395K Median sale price in Jul 2023 - Sep 2023: $376K Median sale price in Oct 2023 - Dec 2023: $353K Median sale price in Jan 2024 - Mar 2024: $430K Median sale price in Apr 2024 - Jun 2024: $443K Median sale price in Jul 2024 - Sep 2024: $425K Median sale price in Oct 2024 - Dec 2024: $487K Median sale price in Jan 2025 - Mar 2025: $393K Median sale price in Apr 2025 - Jun 2025: $498K Median sale price in Jul 2025 - Sep 2025: $485K Median sale price in Oct 2025 - Dec 2025: $440K Median sale price in Jan 2026 - Mar 2026: $435K Median sale price in Apr 2026 - Jun 2026: $475K Median list price in Jul 2021 - Sep 2021: $385K Median list price in Oct 2021 - Dec 2021: $387K Median list price in Jan 2022 - Mar 2022: $400K Median list price in Apr 2022 - Jun 2022: $412K Median list price in Jul 2022 - Sep 2022: $400K Median list price in Oct 2022 - Dec 2022: $400K Median list price in Jan 2023 - Mar 2023: $380K Median list price in Apr 2023 - Jun 2023: $375K Median list price in Jul 2023 - Sep 2023: $385K Median list price in Oct 2023 - Dec 2023: $350K Median list price in Jan 2024 - Mar 2024: $450K Median list price in Apr 2024 - Jun 2024: $499K Median list price in Jul 2024 - Sep 2024: $462K Median list price in Oct 2024 - Dec 2024: $387K Median list price in Jan 2025 - Mar 2025: $422K Median list price in Apr 2025 - Jun 2025: $495K Median list price in Jul 2025 - Sep 2025: $475K Median list price in Oct 2025 - Dec 2025: $465K Median list price in Jan 2026 - Mar 2026: $485K Median list price in Apr 2026 - Jun 2026: $480K Jul 2021 - Sep 2021 Median sale price $400K Median list price $385K Oct 2021 - Dec 2021 Median sale price $365K Median list price $387K Jan 2022 - Mar 2022 Median sale price $413K Median list price $400K Apr 2022 - Jun 2022 Median sale price $407K Median list price $412K Jul 2022 - Sep 2022 Median sale price $430K Median list price $400K Oct 2022 - Dec 2022 Median sale price $410K Median list price $400K Jan 2023 - Mar 2023 Median sale price $385K Median list price $380K Apr 2023 - Jun 2023 Median sale price $395K Median list price $375K Jul 2023 - Sep 2023 Median sale price $376K Median list price $385K Oct 2023 - Dec 2023 Median sale price $353K Median list price $350K Jan 2024 - Mar 2024 Median sale price $430K Median list price $450K Apr 2024 - Jun 2024 Median sale price $443K Median list price $499K Jul 2024 - Sep 2024 Median sale price $425K Median list price $462K Oct 2024 - Dec 2024 Median sale price $487K Median list price $387K Jan 2025 - Mar 2025 Median sale price $393K Median list price $422K Apr 2025 - Jun 2025 Median sale price $498K Median list price $495K Jul 2025 - Sep 2025 Median sale price $485K Median list price $475K Oct 2025 - Dec 2025 Median sale price $440K Median list price $465K Jan 2026 - Mar 2026 Median sale price $435K Median list price $485K Apr 2026 - Jun 2026 Median sale price $475K Median list price $480K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
13
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (May 2026 - Jul 2026).

Diamond Lake currently tilts toward sellers, with a seller’s market gauge and only about one month of housing supply. Homes are typically going under contract in around 15 days in this rolling three-month view. Values are solid, with a typical home value near the mid-$480,000s.

Demand has strengthened compared with a year ago, helping explain the seller-friendly conditions. Homes sold, new listings, and pending sales are each up roughly 30 percent year over year, showing more movement on both sides of the table. At the same time, active listings have climbed by about 27 percent, so buyers are seeing more options even as competition remains firm.

Pricing dynamics show sellers still holding an edge, though the heat has eased from last year. Roughly 55 percent of recent sales closed above list price, and the average sale-to-list ratio is just over 103 percent, yet both metrics are slightly lower than a year ago, suggesting bidding is a bit less intense. Compared with Minneapolis overall, Diamond Lake’s typical sale price sits noticeably higher, underscoring its premium position within the city. Whether you’re a buyer trying to navigate this fast-moving market or a seller aiming to maximize your outcome, Agent Pronto can connect you with a local agent who understands these trends and how to use them to your advantage.



Learn more about what Diamond Lake has to offer.

Diamond Lake offers residents a vibrant, close-knit community with easy access to parks, lake activities, and convenient urban amenities.

Diamond Lake in Minneapolis feels distinctly residential compared with busier nearby neighborhoods like Lynnhurst and Powderhorn. Centered on its namesake lake and tree lined streets, it offers a quieter setting while keeping downtown and Richfield just a short drive away.

The neighborhood’s identity is rooted in long term residents, well kept mid century homes, and active local institutions. Families value its access to Diamond Lake Park, with shoreline paths, birdwatching, and winter skating. Nearby Pearl Park adds ballfields, a playground, and a recreation center that anchors youth sports and community events.

Daily life is convenient, with shops and casual dining along Nokomis East and easy connections via Metro Transit to downtown and the airport. Families can explore options like Windom Community School and other Minneapolis Public Schools that serve the area. The nearby Lake Nokomis and Minnehaha Parkway trails broaden your outdoor choices within minutes.

For buyers, Diamond Lake’s mix of classic ramblers and larger lots means preparation and quick decision making are essential when a well priced home appears. For longtime owners, understanding current demand and how your property compares within the broader Hennepin County market can shape a smart listing strategy. Agent Pronto connects both buyers and sellers with a local real estate professional who knows how to time the market and navigate this distinctive neighborhood.

Find your Diamond Lake real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Stephanie was responsive and forthright throughout the sale process. She priced my property well and responded quickly to get showings scheduled right away. Every question I had was answered throughly and in a timely manner. The stager and photographer that she recommended did a fantastic job. I hightly recommend Stephanie's services!”

Beth · St. Paul, MN

Photo of Stephanie Wimber
RE/MAX Advantage Plus
“Susan helped me sell my dad's house after he unexpectedly passed away in 2025. She was so kind and empathetic about my situation, and very patient as it took us months to empty the house before it was listed. But from the start she worked hard to get us the right resources and information. She was incredibly helpful during the selling process and gave great suggestions on price. She made the process pretty easy!”

Cyndi · Apple Valley, MN

Photo of Susan Jackson
RE/MAX Results
“I purchased my first home with the help of Heather Warner. From a quick google search of realators specializing in first time homebuyers I found the Barker Hedges team which led me to Heather. Leaning heavily on her experience I had unwavering faith in her to provide valuable consultation in all aspects of the house buying process. Strongly reccomend Heather to any homebuyers. She simplified the process for me tremedously and will was extremely honest in the house touring process. She will be a strong voice for you communicating at a very high level.”

Nate · Blaine, MN

Photo of Heather Warner
RE/MAX REMAX Results
“The team was efficient, thoughtful, disciplined and committed. The access to immediate contractor support was also helpful.”

PCG · Rochester, MN

Photo of Deanna Brumbaugh
RE/MAX Advantage Plus
“Jennifer was a pleasure to work with, along with being professional and educated on all aspects of the transaction. She was able to provide insight into the market and reacted to the situation. Plus we had lots of fun working together!”

Diane Smith · Tampa, FL

Photo of Jenny Dedrick
exp realty
“I had an exceptional experience working with my real estate agent in selling my house in Plymouth, Minnesota. He provided invaluable advice on repairs, staging, and pricing, ensuring that every aspect of the sale was optimized. He even took the time to show me comparable properties, helping me determine the best listing price. Thanks to his expertise and dedication, I’m taking the time to leave reviews on multiple websites. I couldn’t have asked for a better realtor.”

Josh · Plymouth, MN

Photo of Minnesota Property Group
RE/MAX Results
“Shari was wonderful to work with. We have known each other for years but never worked together in this capacity. It is very obvious how much she loves her job! She was knowledgable and took my needs into consideation throughout the whole process. It was wonderful to work with her!”

Michele Berndt · Albertville, MN

Photo of Shari McGuire
Pemberton RE
“Amy was very helpful and knowledgeable. Everything went well.”

Barbara S. · Minneapolis, MN

Photo of Amy Westerlund
Keller Williams Premier Realty
“I was pleasantly surprised when I only had 1 phone call from realtors. My realtor (Jeremy) was amazing. I believe his commitment is what sold the house. He was very fluent in keeping in touch and letting me know what was happening.”

Tammey A. · Coon Rapids, MN

Photo of Jeremy Ellingson
RE/MAX Advantage Plus
“Christina was an excellent Realtor to work with. Everything went very smoothly from start to finish.”

Dave K. · North Saint Paul, MN

Photo of Christina Chatlain
Keller Williams Premier Realty
“My family enjoyed working with Polina! She was friendly and always kept things real! She was more then just an agent!! Polina, was always easy to communicate with and promptly answered any questions or concerns!”

Heather · Inver Grove Heights, MN

Photo of The Kilpela Group
National Realty Guild
“Awesome agent. Took time to listen to my needs and desires and went out to find my dream house. This guys knows how to get the job done. I wish more people had the compassion and skill. This was a very pleasant experience.”

Diane and Jesse · North Branch, MN

Photo of The Mike VanGrinsven Group
RE/MAX Professionals
“This service was fast and easy to use. I ended up using the first realtor that came up, and she turned out to be just fabulous.”

Gregg D. · West Saint Paul, MN

Photo of Misty May & Team
Coldwell Banker Realty
“Working with Chad was a joy. He was very open to what my selling process would be like. I would definitely use Chad again for any home buying/selling needs.”

Fred L. · Hastings, MN

Photo of Chad Baker
RE/MAX Advantage Plus
“My partner and I worked with Kong for 4 months and he helped us buy our home. Throughout the whole process, Kong was extremely professional, responsive, honest and knowledgeable. He really worked with our availability during all the showings. He also helped us through a difficult situation with the sellers. We would definitely recommend and work with Kong again!”

Kelsey · St. Paul, MN

Photo of Kong Lee
Partners REalty
“Glad to have made this decision to use Jeff. He did a good job for us!”

Judi G. · Oak Grove, MN

Photo of Jeff Tollefson
RE/MAX Real Estate Properties
“Collin really took the time to make sure we understood everything about the process of buying our home. He was patient with us and never pressured us into settling.”

Jade Erickson · St. Paul, MN

Photo of Collin Vold
EXP Realty MN

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Diamond Lake. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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